Deductible Program

The Deductible Program offers a premium discount for a per claim deductible.

BWC's Deductible Program helps employers lower their premiums by offering an up-front premium discount in the form of a per claim deductible. It also encourages employers to focus on workplace health and safety to reduce injuries and illness.

Employers who effectively manage their workers' compensation claims and related costs will see a financial benefit. However, if an employer does not manage claim costs, the deductible can exceed premium savings.

Deductible levels

When you apply choose a deductible level appropriate for your business. You'll be responsible for claim costs up to the deductible level for any claim that occurs in the policy year of enrollment.

Deductible level

Minimum premium requirements

Additional information required

$500

$1,000

$2,500

$5,000

$10,000

The deductible level selected may not exceed 25 percent of an employer's annual premium.

None

$25,000

$50,000

The deductible level selected may not exceed 40 percent of an employer's annual premium.

Reviewed or audited financial statements prepared in accordance with generally accepted accounting principles for the three most recent fiscal years

$100,000

$200,000

The deductible level selected may not exceed 40 percent of an employer's annual premium.

Audited financial statements prepared in accordance with generally accepted accounting principles for the three most recent fiscal years

Eligibility requirements

Be a private, state-fund employer or a public employer taxing district.

Be current on all premium payments and deductible billings as of the application deadline.

Be in good standing as of the application deadline.

Have active coverage by the application deadline.

No cumulative lapses in coverage in excess of 40 days within the 12 months preceding the application deadline for deductibles up to $10,000 an employer.

No cumulative lapses in coverage in excess of 15 days within the five years preceding the application deadline for deductible levels of $25,000 or more.

Provide reviewed or audited financial statements prepared in accordance with generally accepted accounting principles for the three most recent fiscal years for employers selecting deductibles of $25,000 or $50,000.

Provide audited financial statements prepared in accordance with generally accepted accounting principles for the three most recent fiscal years for employers selecting deductibles of $100,000 or $200,000.

Report actual payroll for the preceding policy year, and pay any premium due upon reconciliation of estimated premium and actual premium for that policy year no later than the date set forth in Ohio Administrative Code 4123-17-14.